Regulatory Alerts2018-11-09
De-Listing of Berytus Capital SAL from the List of Financial Intermediation Institutions
The Capital Markets Authority has officially de-listed Berytus Capital S.A.L. from the Register of Financial Intermediary Institutions following a formal company request and subsequent board approval. This administrative action satisfies the statutory conditions under Law No. 161 and Decision No. 26, confirming that all required documentation has been reviewed and validated. Signed by Chairman Riad Toufic Salame on 9 November 2018, the announcement mandates immediate publication in the Official Gazette to finalize Berytus Capital S.A.L.'s removal from registration number 19.
Announcement No 46 The Chairman of the Capital Markets Authority, Pursuant to Law No. 161 dated 17/8/2011 on Capital Markets, Pursuant to decision No. 26 dated 12/2/2018 related to the publication of the list of Financial Intermediary Institutions for the year 2018, Pursuant to the decision of the Capital Markets Authority’s Board No. 6/12/18 taken in its meeting held on 5/11/2018 related to the approval of the writing-off of “Berytus Capital S.A.L.” from the list of Financial Intermediary Institutions, Pursuant to the request submitted by "Berytus Capital S.A.L." to the Capital Markets Authority on 12/10/2018 regarding its writing-off from the list of Financial Intermediary Institutions, And after reviewing the documents submitted to the Capital Markets Authority and confirming that the legal requirements for the said writing off are met. Decides the following: First: "Berytus Capital S.A.L." registered under number 19 on the list of Financial Intermediary Institutions shall be written-off from said list Second: This announcement shall be published in the Official Gazette. Beirut, 9 November 2018 Chairman of the CMA/ Governor of Banque Du Liban Riad Toufic Salame